Time Of Redemption

X Ltd. Has 40,000, 9% Debentures of Rs. 100 each outstanding as on 31st March, 2018. These debentures are due for redemption on 31st March, 2019. Debentures Redemption Reserve has a balance of Rs. 5,00,000 on 31st March, 2018. Pass Journal entries at the time of redemption of debentures.

Source Of Redemption

(Redemption of Debentures in case of Banking Company). Bank of India Ltd. Has outstanding 1,00,000, 10% Debentures of Rs. 10 each issued in 2015 due for redemption 30th June, 2019. How much amount of Debentures Redemption Reserve should be created before the redemption of debentures begins and also how much amount should it invest in specified securities ? Pass Journal entries at the time of redemption of debentures.